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Perf pay they do mention !
No only the amount was mentioned not percentage. I joined as a consultant
No
They do this when they (teams) themselves are not sure how their business will perform in a years time. Hence those ranges. Perform badly - them BU gets lower % and if entire BU performs well then the higher side will be your increment and bonus.
for me it was mentioned 5-15% in the offer letter which I received in January